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Legal Era

From Legal Era
SEBI Fines Aksh Optifibre And Its Directors Rs 10.75 Crore
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has imposed a total fine of Rs 10.75 crore on Aksh Optifibre and its five directors, namely Kailash S Chaudhary, P F Sundesha, B R...
SEBI Revises Investment Manager Eligibility Norms
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has revised its investment manager eligibility norms for Infrastructure Investment Trusts (InvITs), it has been announced.The SEBI...
No action against independent directors without evidence: MCA
[ by Kavita Krishnan ]The Ministry of Corporate Affairs assured that prosecution proceedings will not be initiated against independent and non-executive directors without strong evidence of their...
An appeal under Sec. 18 of SARFAESI Act cannot be entertained by the DRAT without pre-deposit of 50% of amount due: SC
[ by Kavita Krishnan ]A Bench of Justices Deepak Gupta and Aniruddha Bose held that the High Court cannot give directions which are contrary to law.The question posed for determination before the...
NAA Penalizes Samsung For Not Passing On GST Credit
[ By Bobby Anthony ]The National Anti-profiteering Authority (NAA) has ordered Samsung India to Rs 37.85 lakh for not passing on the benefits of lower goods and services tax (GST) rate to its...
Unsigned Balance Sheets Not Admissible As Evidence: ITAT
[ By Bobby Anthony ]Unsigned balance sheets by auditors or directors of companies cannot be treated as reliable evidence, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled.During...
Conclave Infratech Files Insolvency Plea Against Oravel
[ By Bobby Anthony ]Conclave Infratech has filed an insolvency application against Oravel Stays Pvt Ltd which owns Oyo Rooms for alleged breach of contract.Conclave Infratech owned The Conclave hotel...
SEBI Fines 16 Entities For Fraudulent Trading
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has imposed a total penalty of Rs 80 lakh on 16 entities for fraudulently trading the stock of Mapro Industries Ltd and thus...
Securities Appellate Tribunal Sets Aside IRDAI Order
[ By Bobby Anthony ]The Securities Appellate Tribunal (SAT) Mumbai has set aside an order passed by the Insurance Regulatory and Development Authority of India (IRDAI).The IRDAI order held that its...
Hyderabad based Hotel files insolvency application against Oyo with the NCLT
[ by Kavita Krishnan ]Oravel Stays Private Limited (Oravel), doing business as OYO Rooms which owns and operates hotels is bearing the brunt as a Hyderabad based hospitality firm Conclave Infratech...
Bill for co-operative banks under RBI watch slated for Parliament session
[ by Kavita Krishnan ]To avoid replication of scams such as the one at PMC Bank in the cooperative banks sector, the Parliament session beginning on Monday is likely to clear a bill bringing these...
Data Protection Bill needs consultation, has loopholes: CUTS International
[ by Kavita Krishnan ]A policy advisory NGO, CUTS International, has said certain key terms such as “personal data”, “sensitive personal data”, “critical personal data” and “harm” are not adequately...












